Hi,
In 2019 I opened a synthetic long option position by selling open a Put and then buying a leap long Call. Both had the same strike price and I paid a small net debit to open the position. The options expired Jan 2021 above the strike price (i.e. The strike price on the Put and Call was $100 and the stock closed close to $200). I let the options expire and I was obligated to purchase the stock at $100 as stipulated because I had the long calls.
However, when I received the 1099-B it only shows a gain from the Put that expired in Jan 2021. Since I took position of the stock and back in 2019 I paid for the long call, I do not believe the gain should be recorded. But how do I populate the tax forms to properly reflect the transaction. Because if I remove the Puts from the tax form I will not tie to the 1099-B which I assume will result in a letter from the IRS.
Thank you Michael
